Room 31 with Mrs. Nichols - clm

Career and Life Management
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ESSK 11 INDEPENDENT LIVINGKnow and understand the skills, rights, resources, and responsibilities required to live independently in society.
FINANCIAL KNOWLEDGEESSK.11.01 - Demonstrate the financial knowledge and skills necessary for independent living.


Week or Date	Standard/Objectives ESSK 11.01	Lesson Title/Focus	Skills and Concepts	Resources and Directions
	ESSK 11.01b Demonstrate the ability to open and maintain checking and savings accounts.	Checking and Savings Accounts	How to open a checking/savings account How to write checks How to keep a register How to endorse a check How to reconcile a Bank Statement What is 21st Century Banking How to complete a reconciliation between your register and the bank statement. How to start a new month.	Grand Valley National Bank - Mock Banking simulation books
	ESSK 11.02a Develop a personal budget based on a given income level	Budgeting	Why keep track of expenditures? Why have a financial plan or goals? How do you manage your money? What is a Budget? What is income? What are expenses? Why Plan for the Hard Times?	Workbook for Graded Assignments: trackingbills.xlsx Details Download 15 KB Resources: Take a Quiz: http://www.gcflearnfree.org/moneybasics/quiz SampleBudgetforTeens.pdf Details Download 59 KB Understanding and Creating a Budget Read the article in the link titled "Living Below Your Means" then following along in GCF while completing the tasks listed in the Google Doc named "Understanding and Creating a Budget". Extra for your information: Personal Finance_hardtimes.pptx Money Management
	ESSK 11.01d Demonstrate an understanding of credit (types, usage, and costs). ESSK11.03e Demonstrate knowledge of how to access a personal credit report. ESSK11.03f Identify the steps to follow in the case of identity theft.	The Credit Puzzle Banks vs Credit Unions How Banks Work	What is Credit? Name the three Credit Reporting Agencies? How do you build credit? How do you lose credit? What is a Credit Card? What is a Bank? What is a Credit Union? How does it all work?	CREDIT REPORT/Identity Theft: Handout from Federal Trade Commission: use this document to write document your findings Building a Better Credit - Creditreports CREDIT CARDS: Introduction to credit cards Credit Card Statement BANKS and CREDIT UNIONS: Banks take your money, earn interest on your money, give loans at a higher interest rate; that pay your interest you are earning on your savings. The Banks make the profit. Video on Credit Unions and Banks Credit Unions vs Banks
	ESSK 11.01c Demonstrate an understanding ofinvestments(types, purposes, rates of return, and compound interest).	Investing and Retirement	What is investing? How do you invest? Why do people invest? When should you start investing? What are the different ways you can invest? What is the Rule of 72? What is a rate of return? What is compound interest?	"Taking control of your personal finances will take work, and, yes, there will be a learning curve." Investing 101 - Investopedia - this document will guide your research, be sure to make a copy
	ESSK 11.01f Understand different types of insurance (auto, life, health, disability, renters)	Insurance	What is Insurance? How does insurance work? What are the different types? What insurance do I really need? What is Auto Insurance? What is Collision? What is Comprehensive? What is Life Insurance? What is Term? What is Whole Life? What is Health Insurance? What is Disability? What is Renters?	Resource: insurance_types.pdf Details Download 26 KB - Use as a guide, it explains each type Worksheet: Insurance Worksheet - Google Doc - graded practice, use pdf above to assist you.
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	ESSK 11.01g Demonstrate an understanding of taxes by calculating tax rates and completing personal income tax returns.	Personal Income Tax Returns	What is personal income tax? How is it determined? Who oversees the tax? How is it paid? What is the IRS?	http://www.irs.gov/ http://www.irs.gov/pub/irs-pdf/p17.pdf - Publication for Individuals about federal income tax http://www.colorado.gov/cs/Satellite/Revenue/REVX/1176842266485 - State of Colorado
	ESSK.11.04 a) Identify the requirements to become a registered voter. b) Demonstrate an understanding of the importance of volunteerism and giving back to the community, on both the personal and corporate levels. c) Explain the importance of health and wellness in an individuals’ personal and employment activities.	Understanding the Responsibilities of Citizenship	What is a Registered Voter? How to register? When to vote? Why Volunteer?	1st research each specific objective a, b and c, of standard. Compose a statement why each is important and make sure it relates to the standard, understanding the responsibilities of citizenship. RESOURCES:Voting in Mesa County (CLERK and RECORDER) 2nd make several recommendations for both b and c. These recommendations can be you as individual or as a class you can practice being a responsible citizen. RESOURCES: http://www.idealist.org/info/Volunteer/Why 3rd as a group or individual plan one simple act of volunteerism we can complete at the school.
	ESSK.11.02 - Identify federal, state, and local resources available to community members.	Identify Community Resources	Identify resources for housing assistance. (Housing Authority) Identify resources for medical assistance. (Health Department) Identify resources for legal assistance. (Legal Assistance) Identify community options for recreation	Identify transportation options and resources in the community. Community Resources.pdf Details Download 455 KB
	ESSK.11.03 Understand Individual Rights in Society	Yours and my rights in our society		Individual Rights in Society.docx Details Download 14 KB

clm_financial knowledge

Checking and Savings Accounts

Budgeting

The Credit Puzzle

Insurance